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Ark. Code Ann. § 23-18-302

Definitions

Applied in 1 court decision — leading case Craighead Electric Cooperative Corporation v. City Water and Light Plant of Jonesboro Arkansas (2002)

Most recently applied in Craighead Electric Cooperative Corporation v. City Water and Light Plant of Jonesboro Arkansas (January 2002)

Acts 1937, No. 342, § 2; Pope's Dig., § 2316; Acts 1955, No. 85, § 1; 1957, No. 103, § 1; A.S.A. 1947, § 77-1102; Acts 1999, No. 1556, § 11.

As used in this subchapter, unless the context otherwise requires:

(1) “Acquire” means and includes to construct or acquire by purchase, lease, devise, gift, or other mode of acquisition;

(2) “Board” means a board of directors of a corporation organized under this subchapter;

(3) “Corporation” means a corporation organized pursuant to the provisions of this subchapter;

(4) “Federal agency” includes the United States and any department, administration, commission, board, bureau, office, establishment, agency, authority, or instrumentality of the United States;

(5) “Member” means the incorporators of a corporation and each person thereafter lawfully admitted to membership therein;

(6) “Obligations” includes bonds, notes, debentures, interim certificates or receipts, and all other evidences of indebtedness issued by a corporation; and

(7) “Person” includes any natural person, firm, association, corporation, business trust, partnership, federal agency, state or political subdivision thereof, or any body politic.

Current official text: Arkansas General Assembly. Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Arkansas statutes; confirm against the official source for the current text. Not legal advice.